From July, Decentralized Autonomous Organizations (DAOs) can be registered as LLC in the US state of Wyoming. That should strengthen the legal status of DAOs \u2014 and protect the members from unexpected liability claims.After Wyoming Governor Mark Gordon has signed Bill 38, the Wyoming Limited Liability Company Act will also apply to DAOs from July 1st. This means that DAOs can become full legal entities for the first time, which from a legal point of view amounts to a revolution.What that means in concrete terms, however, is not easy to understand. To do this, we first have to clarify the two key terms: DAOs and LLCs.A \u201cdecentralized autonomous organization\u201d means an organization-like structure through which various actors connect on a voluntary basis in order to fulfill certain, previously defined tasks, whereby the cooperation is structured algorithmically, for example, through a smart contract, and as an operation on the blockchain completely is transparent.DAOs are best known for Ethereum, where a smart contract sets the rules by which actors unite, for example, when they provide liquidity for the decentralized exchange Uniswap. But the Bitcoin miners also basically form a DAO, just like every real cryptocurrency MUST be a DAO.DAOs form, and that is the essential point, a company without a company. They allow different parties to decide in a structured way about the use of money and other resources \u2014 without the need for a legal registration or a physical location where the organization is based. The code replaces the law, the smart contract the company..The Limited Liability Company (LLC), on the other hand, is a legal form for companies that was developed in 1977 \u2014 aptly by the government of Wyoming. The LLC is, according to Wikipedia, \u201ca US-specific form of private limited liability company\u201d that is known for its flexibility.\u2026<\/p>","protected":false},"excerpt":{"rendered":"
From July, Decentralized Autonomous Organizations (DAOs) can be registered as LLC in the US state of Wyoming. That should strengthen the legal status of DAOs \u2014 [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4362"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=4362"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=4362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=4362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=4362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}